Analysts have been eager to weigh in on the Services sector with new ratings on Amazon (NASDAQ:AMZN), Wal-Mart Stores Inc (NYSE:WMT) and JD.com (NASDAQ:JD).
Amazon (AMZN)
Jefferies analyst Brent Thill maintained a Buy rating on Amazon today and set a price target of $2185. The company’s shares opened today at $1882.22, close to its 52-week high of $1925.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 18.3% and a 73.2% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $2109.48 average price target, a 12.1% upside from current levels. In a report issued on August 3, Robert W. Baird also maintained a Buy rating on the stock with a $2100 price target.
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Wal-Mart Stores Inc (WMT)
In a report released today, Christopher Horvers from J.P. Morgan maintained a Hold rating on Wal-Mart Stores Inc, with a price target of $103. The company’s shares opened today at $97.85.
According to TipRanks.com, Horvers is a 4-star analyst with an average return of 9.4% and a 66.4% success rate. Horvers covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Michaels Companies.
Currently, the analyst consensus on Wal-Mart Stores Inc is a Moderate Buy with an average price target of $103.55, representing a 5.8% upside. In a report issued on August 9, RBC Capital also maintained a Hold rating on the stock with a $90 price target.
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JD.com (JD)
Benchmark Co. analyst Fawne Jiang maintained a Buy rating on JD.com today and set a price target of $43. The company’s shares opened today at $32.22, close to its 52-week low of $31.07.
According to TipRanks.com, Jiang is a top 100 analyst with an average return of 24.9% and a 63.7% success rate. Jiang covers the Technology sector, focusing on stocks such as Momo Inc, YY Inc, and Baidu.
JD.com has an analyst consensus of Strong Buy, with a price target consensus of $48.75, which is a 51.3% upside from current levels. In a report issued on August 14, MKM Partners also maintained a Buy rating on the stock with a $51 price target.
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